MANILA, Philippines – A. Soriano Corp. (Anscor) has divested its minority stake in The Bistro Group (TBG) for P1.91 billion.
The sale comes less than a year after the initial investment, allowing Anscor to realize significant gains from its involvement in the restaurant group.
In a regulatory filing on Thursday, Anscor disclosed that it had executed a deed of sale with Inoza Business Holdings.
https://business.inquirer.net/550393/anscor-sells-22-stake-in-bistro-group